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H&R BLOCK INC Director's Dealing 2007

Jul 4, 2007

30865_dirs_2007-07-03_e29d7fb9-6bf7-4f44-8fb1-ccd429277ca1.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: H&R BLOCK INC (HRB)
CIK: 0000012659
Period of Report: 2007-06-30

Reporting Person: TRUBECK WILLIAM L (Executive VP and CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-07-02 Phantom Stock A 122.52 $23.8900 Acquired 1514.3330 Direct
2007-07-02 Phantom Stock A 7.818 $23.1300 Acquired 1522.1510 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-06-30 Call Option to Purchase $23.3700 A 125000 Acquired 2017-06-30 Common Stock, without par value (125000.0000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock, without par value 37114.5162 Direct
Common Stock, without par value 791.4100 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Call Option to Purchase $24.9050 2014-10-04 Common Stock, without par value (100000.0000) 100000.0000 Direct
Call Option to Purchase $29.1750 2015-06-30 Common Stock, without par value (100000.0000) 100000.0000 Direct
Call Option to Purchase $23.8600 2016-06-30 Common Stock, without par value (125000.0000) 125000.0000 Direct

Footnotes

F1: Shares of stock units are held in the H&R Block Deferred Compensation Plan for Executives or the H&R Block Deferred Compensation Plan for Directors.

F2: Units acquired under the H&R Block Deferred Compensation Plan for Executives, as Amended and Restated. Each unit has the value of one share of Common Stock.

F3: Units acquired through dividend reinvestment under the H&R Block Deferred Compensation Plan for Executives, as Amended and Restated. Each unit has the value of one share of Common Stock.

F4: Balance has been adjusted to (a) exclude Performance Shares previously reported (not reportable) and (b) separately report all units held in deferred compensation plan accounts as phantom stock.

F5: The option vests in three equal annual installments beginning on the first anniversary of the date of grant.